Ripple Subreddit

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Ripple connects banks, payment providers and digital asset exchanges via RippleNet to provide one frictionless experience to send money globally. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets.

The price of XRP consolidates for several months, even as the good news builds. It's like a spring loaded catapult that is wound tighter and tighter with each announcement until one day, the spring can't take anymore and shoots its load. If you look at the price of XRP in April of 2017, and again in December/January of 2017/2018, XRP did exactly the same thing during both of those time frames. In April, it went from 0.006 to 0.42, but not before months of positive announcements and partnerships. The same thing happened when XRP went from 0.20 to 3.40. XRP very rarely jumps on any single announcement.

It's definitely not negative news, but I'm afraid of companies using xRapid just for the publicity, which would lead to negative sentiment when larger players use xRapid in production - as doubters would see that as a publicity stunt as well

That's fair, especially for smaller remittance companies. But my main fear is say a small dry wall manufacturer with a distribution center in China publicizing they're using xRapid when they have very little financial incentive to do so and more incentive to make investors believe they are using blockchain technology

Afaik Ripple had problem with this before (companies stating working with Ripple), then ripple put some kind of requirement to cooperate. Maybe someone have a source for this, I'm pretty positive it was the case.

XRP has 100 billion, insiders own 60% & sell up to 1 billion XRP every month...I believe XRP will face a lot of hurdle when its price advances...even it's not pilot, what benefit XRP holder is getting? there is no dividend after all...